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Credit Suisse says Sears (SHLD -2.4%) will likely be forced to sell more of its valuable assets...

Credit Suisse says Sears (SHLD -2.4%) will likely be forced to sell more of its valuable assets in 2013 in order to sustain its balance sheet. The firm expects the company to sell off its most valuable stores in the chain in order to survive. The firm rates the shares at Underperform rated with a $20 price target.
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Comments (9)
  • Stone Fox Capital
    , contributor
    Comments (6361) | Send Message
     
    hope Suisse shorts a bunch. Oh wait, already shorted to the max.
    19 Mar 2012, 01:31 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    According to the fundamentals it should be shorted.
    20 Mar 2012, 09:20 AM Reply Like
  • Canary Cash
    , contributor
    Comments (471) | Send Message
     
    Gee it's really hard to figure out the CS book
    19 Mar 2012, 01:36 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8965) | Send Message
     
    How can SHLD sell its most valuable properties AND the stock goes to $20?

     

    They will have too much cash on hand to backstop such a low price. It would trade near cash.
    19 Mar 2012, 01:57 PM Reply Like
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    This is a company that should've been dissolved 20 years ago.It is a poster child of over-financializtion. Financial tricks might buy you extra time but alone they can do nothing about the core business. There has to be a business strategy apart from repeated short squeezes.
    19 Mar 2012, 03:04 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    $10.00 at the most.
    19 Mar 2012, 06:50 PM Reply Like
  • chopchop0
    , contributor
    Comments (3642) | Send Message
     
    Anyone who buys SHLD now should essentially value it as an REIT minus any debt and liabilities. They do have a fair amount of property in their portfolio with a dying retail network
    19 Mar 2012, 11:08 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4255) | Send Message
     
    None of the large fund managers are buying even when it dropped.

     

    These are smart people who analyze the numbers just like Lampert and know all the legal tricks that can be done and are aware of what Lampert might do - still they are not buying the stock if anything they sold the stock.

     

    This is a good trading stock but that is all - I am reading again and again about the squeeze and not the fundamentals.
    20 Mar 2012, 08:36 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8965) | Send Message
     
    These same people weren't buying BAC in December.
    20 Mar 2012, 10:50 AM Reply Like
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